Monday, March 31, 2008

The Arabs SKIP Malaysia for Singapore and China

There were some big news about Arab investments in Malaysia few months ago. First was in IDR and then several more property developments in Penang and other investments in Selangor.
Anyway, these minor investments are nothing to shout about comparing with other mega and not-so-mega investments in Singapore and China.
Today, the UAE's Vice-President and Prime Minister, HH Sheikh Mohammad bin Rashid Al Maktoum flew for a historic trip to China with 150 delegates, marking the importance of the economic and commercial aspects of the visit.

UAE has made more than 400 investments in China with trillions in value. China is of course a world power where everybody is going to be for future strategic stakes. To date, bilateral trade between China dan UAE has grown by an impressive annual average of 40 per cent from $4 billion in 2003 to $20 billion in 2007.

China has been growing at an annual average rate of more than 10 per cent for more than 30 years, making the country the fastest growing in East Asia, and the UAE's economic growth in the past five years far exceeds that of all its neighbours.
China exported $17 billion worth of goods to the UAE in 2007, ranking the country as China's most important trading partner in the region, whereas 70 per cent of these exports were re-exported to countries in the GCC, Africa, and even Europe, which reveals the growing importance of the UAE as the region's trading hub.

There are about 200,000 Chinese citizens living and working in the UAE, of whom only about 30,000 are labourers. The majority are businessmen and executives, according to the embassy.
Irrespective of perceptions, the Arabs are smart investors and businessmen since long time ago. Islam was expanded into this region through trades. It is obvious why nowadays the Arabs skip Malaysia, the 'most-developed' muslim brother state in favour of the Chinese.
We need to throw the current weak pathetic PM out into history bin and reform the whole system for a BETTER MALAYSIA. Otherwise, we are going nowhere with recycled rhetorics.
It is not only China that has gained from Arab wealth and funds. Our neighbouring state, Singapore has been a strong partner to the Arabs. Even Arab tourists are known to throng Thailand and Singapore since years ago and only found Malaysia as another holiday and shopping destination recently.
Pak Lah, Khairy or Kali Riong may be right, as alleged by Dr. M of selling IDR to Singapore masters.....make no mistake that Singapore expertise is sought after!
Read some recent news:-

Saudi seeks Singapore partners to boost competitiveness

BY HABIB SHAIKH 13 February 2008
JEDDAH — Saudi Arabia wants to become one of the top ten competitive destinations in the world by 2010 and the kingdom is keen for Singapore partners to help make it happen, according to Minister Mentor Lee Kuan Yew, who visited Saudi Arabia accompanied by senior government leaders, to witness the progress being made in the kingdom's new cities.
The King Abdullah Economic City (KAEC) is hailed as the second Singapore, largely due to the advice Lee gave during his previous visit to the kingdom in 2006.

Maktoum receives Lee Kwan Yu
WAMPublished: March 03, 2008, 00:47

Honouring the guest: Shaikh Maktoum Bin Mohammad Bin Rashid Al Maktoum, Deputy Ruler of Dubai, received the former prime minister of Singapore, Lee Kwan
Yu, at the Emirates Towers Hotel yesterday.
They discussed a number of issues, including information technology revolution and investment in the current globalisation world. Shaikh Maktoum held a luncheon in honour of his guest, who was honoured on Saturday by the Investment Corporation of Dubai (ICD) for being the secret behind Singapore's development.

Abu-Dhabi - Singapore Partnerships
Abu Dhabi: A number of major partnerships were announced yesterday as part of the inaugural Abu Dhabi-Singapore Joint Forum held at the Emirates Palace.
The forum was co-chaired by Khaldoon Khalifa Al Mubarak, Chairman of the Executive Affairs Authority, and Lee Yi Shyan, Singapore's Minister of State for Trade and Industry.
They oversaw the signing of major deals between Abu Dhabi Department of Civil Service and the Sing-apore Civil Service College to establish a public service training institution; the Maritime Authority of Singapore and Abu Dhabi Transport Department to facilitate cooperation in maritime policy and planning, port regulation, vessel safety and maritime environment protection and between Gisco Bin Ham-oodah of Abu Dhabi and CBM of Singapore to establish a facilities management joint venture in Abu Dhabi.

Dubai International Capital acquires stake in True Group
Staff ReportPublished: March 30, 2008, 20:24
Dubai: Dubai International Capital LLC (DIC), the international investment arm of Dubai Holding, on Sunday said, it has acquired of a significant stake in the True Group, a leading provider of wellness services in South East Asia.
The investment will support the group's international expansion drive into new markets.
The True Group was established in 2004 as Singapore's largest wellness centre at Pacific Plaza in the heart of Singapore's downtown shopping area.

Abuya Is Back - The PM in Waiting

Like our former PM, the one and only Dr. M, yes, politicians never die, they just become annoying and irrelevant, now maybe they just become glamorous bloggers.

They make noises to be heard. Dr. M for example wanna be a modern day maverick superhero. He claims thousand times that he is innocent and clean from any wrongdoings while 22 years in power. Except of putting that Imam Hadhari as his successor and not putting Anwar in jail for the rest of his natural life.

Most old, retired or dropped politicians have to be seen vocal and macho regardless of irrelevancy. Otherwise, people or rather mainstream media just ignore and forget about them. The rest who once walked arrogantly in corridors of power are faded into oblivion or lavishly enjoying the loots with millions to spend before going to hell.

Sometimes, with a lot of hard bargains, persuasions, ampuism and begging, some of these never-say-die buggers may make a sudden comeback and return to the limelight. You'd never know that people like notorious ZAM might return to haunt our lives with vengeance, either as a blogger or attention beggar in the media-that-he-used-to-charge-like-his-father's.

After the political tsunami that consequently wrecked havoc in ruling party, who'd guess that the former MB with 2 Muhammads in his name (who was famously detained in OZland for carrying millions in sack and did not understand any English) has returned to political mainstream with a bang.

Another supposedly rebel, Shahril Samad who had been there, ups and downs, out and in, had also returned to the cabinet after lapse of 2o years or so.

Here we go again, there is another former mainstream and high-flying leader who was detained and had confessed live on TV for his deviant activities is now returned to shape the future of our nation with strong political statements.

He may be in bad shape but he will thrust again into prominence as prophecy says he is gonna be the one.

Move Anwar, Tengku Razaleigh or Najib Al Tantuya aside, we have another candidate as a PM in Waiting.

Abuya now speaks perfect ENGLISH (Mat Tyson and ZAM may have to learn from him)!

Click Here, if interested to read!